P122CEEFAX0122 Tut 220May 2p:23/01
01/:
-,,6 ,, c03qS!3!33!£q p p p0
TOPICS, BIDS & BEALS 0
ppp pp p pp p pppp 0
FUse0fver-!cquisitive Sir Phil H
is taking ovbq GUS'sBTimes F
ppppppp ppppp p pppppp pp ppppppp pp0
His Harris0Queensway furnishings chain0
is0also buying out GUS's 20pc stake0in0
HQ's 60pc-owned Poundstretcher sub. 0
ppp ppppppppp 2ppp pp p p
The0all-paper consideration0-0it comes0
to054m shares0- leaves GUS with 23pc of
Gppp pp pp 0
* Sir Philip will "e getting0a 3eat on0
e1Gussies Board, two0of whose0men"eqs
become non-executive directors with
Harris Queensway.
G p p p 0
2 p GUS0Shares0116 0
P122CEFFAX0122 Tut 220May 1p:24/17
22/5
Q
TOPICS, BIDS & DEALS
O ppppppppppppp pppp p ppp
Mr Stanley0Kalms has found0a "uybq 0
for Woolworth's Comet discount chain,
provided his bid for Woolies0succeeds.
pppp ppppppp ppppppp pp ppp 0
Granada Group has0agreed toppay Dixons0
Group £70m0in cash, "y way of0a venbor0
placing of some 29.17m Granada shares.0
Gpppp ppppppppp ppppppppp ppppppp p
Granada has0alrea$y03igned0up0America'3
Circuit City0Stores to1help0it create 0
a chain of "US-type electrical super-
stores in the UK".
ppp
C* A Woolworth0spokesman bescribed the
Gdeal0as "ludicrous"0and0said the
"substantially0undervalues"0Comet. 0
G ppp pppppp ppppp p
22 ppp DixonspGroup0126 p0 0
P122CEFFAX0122p Tut 220May 2p:26/50
23/:
QSS
TOPICS, BIDS & DEALS 0
0
Another potential suitor has pitched
into the tangled BHP bid contest.
p 0
Equiticorp Tasman, headed "y0Mr Allan
Hawkins, has backed out2of0a partial1 0
bid for packaging group0ACE0and picked0
up0a "substantial"1mum"er1of0shares0in0
Australia's biggest0industrial concern.
Gpppppppppppppppppppppppppppppppppppppp0
Its0announcement0embed speculation over
the identity0of the0major buybq who 0
accounted for0most of Wednesday's
massive turnover of 32.8m BHP shares.
* BHP is the object of0an A$7.50 bid 0
from the Bell Resouqces group. 0
p p 0
2 0Markets Down0Under0123 0
P122CEFFAX0122 Tut 220May 2p:13/:1
24/:p
QP
TOPICS, BIDS & BEALS 0
ppp pppppppp ppppp pp p 0
PVC sheet specialist Wardle Storeys 0
has come back with0improved terms foq
FD Group. 0
pp p 0
Having seen0its original £23.9m0offer 0
for the special textiles0manufacturer 0
bested by0a £26.6m0agreed bid from 0
Scapa Group,0it0is now0offering0a
16-for-25 share swap. p pp p 0
p
Taking Wardle ordinary0at 335p, these 0
improved terms value0each rFD ordinary0
at1214\p0and the whole0at0some £29.3n.0
hThere is0a 205p cash0alternative).
G ppp p pp 0
* Warble aoasts just 2.3pc of RFD. 0
G pp ppp p p p 0
2 RFD Shaqes0127 0
P122CEEFAXp122 Thu 220May 2p:13/43
05/:
S
TOPICS, BIDS & BEALS 0
ppp pppp p 0
0International Thomson0Organisation is
paying some $203m for Cordura Corp, the
motor insurance0advisory group. 0
p p 0
The terms, which have the support
the Cordura Board,0are $350a share. 0
p 0
* Cordura, which0made £9.3m0after tax
last0year, provides0insurance companies
with0estimates0of crash repair costs. 0
p
Investment0industry watchbogsCNASDIM0
and LUTIRO will no longer be calling 0
their unified organisation0EBRO.
Gppp p p pp p 0
This will now "e known0as FIMBRA.
Gpppp ppppp p 0
More 0
P122CEFFAX0122 Tut 220May 2p:17/18
-m CFAX
P122CFFFAX0122 Tut 220Nay 20:17/42
,,4|,,4 ,,4 23/5
55j5 j0 555=0 55-4p 0
.,, .,, 3P c03P !3 33 3q 0
TOPICS, BIDS & DEALS
ppp ppp p p 0
Anot e potential suitor has pitched
into the tangle CB Fbid contest.
quiticorp Tasman, headed "y0 r0Allan 0
Hawkins, has b c ed out of0a pa rial 0
bid for p ckaging g oup0ACE0an pic e
up0a "su stantial" mum"er of shares0in0
Australia's iggest0 n ustrial0co ce n.
ppp ppppp pp p p pppp 0
ts0announcement0 nbe speculation o
e0identity of the0major uyer who
accounted for most of Wednesd y s
massive turnover of 32.8 BHP1s ares. 0
* BHP is the object of0an A$7.50 id 0
rom e Bell esources group. 0
2 0Mar e own0 n er0 3 0